freePRnow.com, 5/20/2020 - MRFR study reveals that the global augmented analytics market is expected to thrive at 24 percent CAGR through the forecast period 2018-2023. In 2017, MRFR recorded the market at USD 4.20 billion and it estimates the market to worth USD 13 billion by 2023. Surge in the generation of complex data is triggering the need for adoption of analytical tools such as augmented analytics to cater better results. It can propel the market growth.

The market is enduring an exacting period with its robust growth coming to an abrupt halt in light of the COVID-19 pandemic. MRFR report on market highlights the future prediction and the growth alternatives that can be created.

Regional Analysis

In North America, Augmented Analytics Market Covid 19 is expected to thrive on surge in the application of augmented analytics solutions. The presence of advanced infrastructure and early adoption of modern technologies are observed as major drivers. MRFR findings state that the North America augmented analytics market is expected to stay ahead of the growth curve through the review period. The high rate of deployment of natural language processing and machine learning can generate numerous growth opportunities for the regional augmented analytics market.

In Europe, the augmented analytics market is expected to rank second in the growth line. The increased rate of adoption of identity access management solutions by the IT and telecommunication sector can impel the regional market. In addition, the EU augmented analytics market growth can be attribute to the presence of major key players and governments of the region investing hefty amount on the upgradation of analytics tools.

In Asia Pacific, the augmented analytics market is projected to expand at a high CAGR due to the high rate adoption of machine learning technology by private enterprises and government sectors, backed by digitization. The high investment made by them in advancements of analytics solutions can drive the regional augmented analytics market in the region.

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